Markforged Holding Corporation (MKFG) Stock Technical Analysis
NYSE:MKFG - New York Stock Exchange, Inc. - US57064N2018 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to MKFG. Although MKFG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
MKFG is part of the Machinery industry. There are 128 other stocks in this industry. MKFG outperforms 79% of them.
MKFG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, MKFG did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MKFG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Besides having an excellent technical rating, MKFG also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 4.75. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MKFG in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.52
4.84
We found 3 important support areas.
- A support zone ranging from 4.68 to 4.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.60 from a horizontal line in the daily time frame.
- Support @2.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.75 to 4.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.2
Mansfield3.37
10 Day High4.85
10 Day Low4.6
20 Day High4.85
20 Day Low4.41
52 Week High6.75
52 Week Low1.57
Performance
1 Week-0.84%
2 Weeks-0.42%
1 Month6.52%
3 Month37.79%
6 Month5.33%
12 Month-29.75%
2 Year-51.38%
3 Year-86.1%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)68.6
LBB4.56
UBB4.83
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.80 | 4.67 | 0.13 (2.71%) | 25.00% |
| An entry @4.80. This is a Buy Stop order right above the resistance zone. | An exit @4.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.13 points, which is 2.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- The distance between exit and entry is rather small compared to the average daily movement of MKFG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.74
-0.02 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.42%
1 Week-0.84%
2 Weeks-0.42%
1 Month6.52%
3 Month37.79%
6 Month5.33%
12 Month-29.75%
2 Year-51.38%
3 Year-86.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%3.54%
ATR Inc18.73%
Range Today0.22
ADR(20)0.16
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.2
Mansfield3.37
10 Day High4.85
10 Day Low4.6
20 Day High4.85
20 Day Low4.41
52 Week High6.75
52 Week Low1.57
CS1 End4.73
CR1 Start4.75
Volume & EV
DER(3)4.81%
DER(5)0%
Volume318.20K
Volume Incr-52.7%
Vol(5)158.36K
Vol(50)191.88K